logo
Kremlin says it 'noted' Trump's statement on shorter deadline for a ceasefire in Ukraine

Kremlin says it 'noted' Trump's statement on shorter deadline for a ceasefire in Ukraine

Yahooa day ago
MOSCOW (Reuters) -The Kremlin said on Tuesday that it had "taken note" of a statement by U.S. President Donald Trump that he was shortening his deadline for Moscow to sign up to a ceasefire in Ukraine or face sanctions.
Trump set a new deadline on Monday of 10 or 12 days for Russia to make progress toward ending the war in Ukraine or face consequences, underscoring frustration with President Vladimir Putin over the 3-1/2-year-old conflict.
Asked about Trump's statement on Tuesday during a conference call with reporters, the Kremlin kept its remarks short.
"We have taken note of President Trump's statement yesterday. The special military operation continues," said Kremlin spokesman Dmitry Peskov, employing the term that Moscow uses for its war effort in Ukraine.
"We remain committed to a peace process to resolve the conflict around Ukraine and to ensure our interests in the course of this settlement."
Trump threatened on July 14 to impose new sanctions on Russia and buyers of its exports within 50 days, a deadline which would have expired in early September.
But on Monday, during a visit to Britain, he shortened that deadline and said:
"There's no reason in waiting... We just don't see any progress being made."
Trump, who has held half a dozen calls with the Kremlin leader since returning to the White House in January, also said he was "not so interested in talking any more".
Peskov declined to comment on that remark.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Weak rouble, higher oil may help Russia if Trump's tariffs hit, analysts say
Weak rouble, higher oil may help Russia if Trump's tariffs hit, analysts say

Yahoo

time15 minutes ago

  • Yahoo

Weak rouble, higher oil may help Russia if Trump's tariffs hit, analysts say

By Elena Fabrichnaya MOSCOW (Reuters) -Russian markets reacted cautiously to U.S. President Donald Trump's threat to impose new sanctions, with analysts saying on Wednesday a weaker rouble and higher oil prices as a result of his measures may support the economy in the short term. Trump said on Tuesday the United States would start imposing tariffs and other measures on Russia "10 days from today" if Moscow showed no progress toward a peaceful settlement in Ukraine. Oil prices gained more than 3% on his remarks. The rouble has dropped 4.3% since July 24 to 81.9 to the U.S. dollar on Wednesday. Russia's stock market has fallen by 3.4% since July 24. A weaker rouble boosts export competitiveness by making Russian goods cheaper globally and increases revenue from oil exports priced in dollars. "The uncertainty of new U.S. sanctions will continue to weigh on the sentiment of Russian investors," said Alexei Antonov from Alor brokerage. The rouble has rallied by up to 45% against the dollar this year, thanks to the central bank's tight monetary policy and hopes for easing tensions between Russia and the U.S. after talks held in Saudi Arabia in February. The rouble's appreciation lowered the revenue of Russian commodity firms from oil and gas majors to metals and fertilizer exporters. Such firms make up about 60% of the stock market, which is off-limits to Western investors because of sanctions. FUNDAMENTAL SUPPORT Shares in some exporting companies rose after the rouble started sliding, with oil firm Rosneft, Russia's biggest, gaining over 2% since the start of the week, and nickel producer Nornickel rising by over 5% on July 29. "Fundamental support for the Russian exporters' stocks is provided by soaring oil prices and a significantly weakened rouble," said BCS brokerage analyst Mikhail Zeltser. The central bank's decision on July 25 to cut its key interest rate as inflation eased also helped the rouble's fall. A weaker rouble will support the state budget, the main target of Trump's measures, by increasing the rouble-denominated value of Russia's energy revenue even if that shrinks due to new sanctions. Energy made up 27% of Russia's state budget revenue in the first half, down from around 30% in 2023 and 2024. Although some weakening of the rouble to around 90 to the dollar is welcomed by the market, a more significant slide towards 100 and beyond is seen as harmful for the economy. Some analysts recalled November 2024, when the rouble weakened sharply after the U.S. imposed new sanctions. The rouble lost 11% between November 22 and November 27. Finam analysts said Russian investors were lining up to buy foreign currency to hedge the risk of falling export revenues in case Trump imposes secondary sanctions on buyers of Russian oil, such as China and India. "In part, the concerns are not unfounded. It was precisely (former U.S. President Joe) Biden's farewell sanctions package at the end of last year that caused the rouble to plummet," Finam analysts wrote in their research note. (Writing by Gleb Bryanski; Editing by Bernadette Baum) Sign in to access your portfolio

Tsunami waves reach US coast
Tsunami waves reach US coast

USA Today

time16 minutes ago

  • USA Today

Tsunami waves reach US coast

Good morning!🙋🏼‍♀️ I'm Nicole Fallert. Time to cringe to a new "The Summer I Turned Pretty" episode. Tsunami waves reach Hawaii and the West Coast hours after magnitude 8.8 earthquake U.S. authorities remain vigilant Wednesday morning of wave heights, as well as strong or hazardous currents, after tsunami advisories were triggered across the Pacific, Alaska and the entire U.S. West Coast. More updates: The waves began arriving in Hawaii after 7 p.m. local time after one of the strongest earthquakes in recorded history, a magnitude 8.8 temblor, struck Tuesday off Russia's Kamchatka Peninsula. The EPA just made the largest deregulatory action in US history The Environmental Protection Agency will rescind the long-standing finding that greenhouse gas emissions endanger human health, as well as tailpipe emission standards for vehicles. This means wiping out two decades of regulation aimed at reducing carbon dioxide, methane and other greenhouse gases from cars, power plants, oil production and other sources. President Donald Trump's pick to run the EPA Lee Zeldin will announce the proposal Tuesday. If finalized, this action will devastate the EPA's ability to carry out its primary authority to limit climate pollution under the federal Clean Air Act. More news to know now What's the weather today? Check your local forecast here. New York City shooter puts focus on NFL's troubling history with CTE The mass shooting in New York has once again put the spotlight on the National Football League's troubling history with how the league deals with head trauma and, more recently, the links with playing football and chronic traumatic encephalopathy (CTE), a degenerative brain disease linked to repeated blows to the head. New York police say Shane Tamura, a 27-year-old Las Vegas resident who played high school football in the Los Angeles area, killed four people, including a New York City police officer, before turning the gun on himself. Mayor Eric Adams said Tamura targeted the league's headquarters in New York, leaving a note claiming he had CTE. Trump wants lower interest rates. Will the Fed make cuts? All eyes will be on the Federal Reserve's post-meeting statement Tuesday to see if there are signs of an impending interest rate cut in September. The Fed has kept its key interest rate steady since late 2024, despite monthslong pressure from President Donald Trump to make cuts. While Trump has floated the idea of firing Fed chair Jerome Powell, the president on July 24 backed off his threats following a visit to the Fed's headquarters. Trump's ire stems from the central bank's decision to wait and see how tariffs impact prices before adjusting rates. Today's talkers Crack open a cold one with USA TODAY From dive bars to hidden speakeasies, swanky cocktail lounges to beachfront watering holes, the best bars tell a story — and often serve up something tasty to go with your drink. USA TODAY's Bars of the Year 2025 are the places where locals and visitors alike gather for good conversation, warm vibes and a little slice of the city's character – whether that means savoring a Rusty Nail aboard a simulated flight in Phoenix, chasing an Orange Crush down the beach in Delaware or pairing a salty margarita with a deep-fried hot dog at a Florida dockside bar. Check out the spots chosen by USA TODAY Network journalists who know their hometown haunts inside and out. Photo of the day: This kid from America From New Hope, Pennsylvania, to Kawasaki, Japan: Zach Peckman, 16, is representing the best of American jump rope at the World Jump Rope Championships in Japan this week. His events are all about speed, such as the 30-second and 3-minute sprints where some athletes hit more than seven jumps per second. To keep rhythm during competition, Peckman listens to a sped-up version of Kim Wilde's 'Kids in America' — we'll be listening in support, too. Nicole Fallert is a newsletter writer at USA TODAY, sign up for the email here. Want to send Nicole a note? Shoot her an email at NFallert@

Ugandan and South Sudanese troops clash at border, killing at least 4
Ugandan and South Sudanese troops clash at border, killing at least 4

Associated Press

time18 minutes ago

  • Associated Press

Ugandan and South Sudanese troops clash at border, killing at least 4

KAMPALA, Uganda (AP) — Troops from Uganda and South Sudan clashed along the border between their countries in a firefight that left at least four dead, a Ugandan military official said Wednesday, as tensions flared over disputed border demarcations. Three South Sudanese soldiers were shot dead by Ugandan forces who retaliated after one of their soldiers was killed on Monday, said Maj. Gen. Felix Kulayigye, spokesperson for the Ugandan military. But Wani Jackson Mule, a local official in South Sudan's Central Equatoria state, said he received the bodies of five soldiers. The firefight occurred in a remote part of northwestern Uganda, known as West Nile, when South Sudanese soldiers crossed further into Ugandan territory, set up camp and refused to leave, according to Kulayigye. 'We had to apply force,' he said. Mule described the firefight as a 'surprise attack' by Ugandan forces in territory they consider to lie within South Sudan. A spokesman for South Sudan's military, Maj. Gen. Lul Ruai Koang, said military leaders from South Sudan and Uganda have agreed to an immediate ceasefire to enable an investigation of the latest border clash. Sections of the Uganda-South Sudan border have been contested for years. Leaders from the two countries have set up a joint border demarcation committee whose work is ongoing, Kulayigye said. Officials from both countries have previously said that they expect to reach a firm decision in 2027. Although there have been sporadic border clashes over the years, the exchange of fire between the military allies is rare. Ugandan forces have been deployed to South Sudan to help support President Salva Kiir against forces loyal to Vice President Riek Machar. Ugandan special forces are deployed in Juba, the capital, and elsewhere in South Sudan. ___ Machol reported from Juba, South Sudan. ___ More AP Africa news:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store